Facebook Inc warned on Tuesday of a dramatic increase in spending in 2015 and projected a slowdown in revenue growth this quarter, slicing a tenth off its market value.
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PlaceIQ has raised $15 million for its Series C financing round led by Harmony Partners and participated in by new investor Iris Capital as well as its previous backers in its Series B round, TechCrunch reported.
Facebook's shares reached record highs due to mobile ad revenue.
Facebook shares rose as the company continues to see strong mobile ads earnings.
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